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20121230
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Search Results 0 to 49 of about 64 (some duplicates have been removed)
NBC
Dec 30, 2012 9:00am EST
that folks you sent to washington have to do their jobs. >> if the nation goes over the fiscal cliff next tuesday, each side blames the other. >> we can avoid going over the fiscal cliff if the president and democrat controlled senate step forward this week and work with republicans to solve this problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. problem and solve it now. >> all over the country now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill or not but will it deplete my savings. >> even if the impact isn't real, the perceived impact could cause us to drop off in sales. >> getting a deal is up to the senate's top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. some people aren't going to like it. some people will like it less but that's where
FOX News
Dec 30, 2012 1:00pm PST
over again. >> gregg: molly henneberg, molly thanks. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair
CNN
Dec 30, 2012 3:00pm PST
think is realistic, but it will prevent us from going over the fiscal cliff. >> hopefully the next time i see you, and it is in a few hours on the air here, and you are back because you say, don, we have a deal. >> and because i told you so. >> yes. thank you, congresswoman bass. and ali, someone tweeted and they say, don lemon and ali vel shishgs i am looking to you to keep me calm, because i have just accepted that we are going over the fiscal cliff, happy new year. >> look, the world is not going to come to an end when it happens and two points, and people keep asking me, what will happen to me if we go over the fiscal cliff, and one thing is that you will feel some taxes going up and the paycheck is going to be smaller, with but that is two weeks to a month before it happens, but the more important thing is what has already happened, don, and that is that people spent less money, and the consumer confidence which had been going up for a long time has started to come down and the economy is feeling worse, and the congresswoman mentioned sequester and we won't get to that. the sequest
ABC
Dec 29, 2012 11:30pm EST
from both sides of the aisle are trying to hammer out a deal to avoid the so-called fiscal cliff. >> just three days to go, a breakdown of how the negotiations went today and what happens next. >> in washington, there is still hope that a deal could be done to avoid the fiscal cliff. all eyes were on the senate today where negotiators were trading revenue figures to try to reach an agreement all sides can agree with. the baseline for the president and the bipartisan deal would have to extend unemployment benefits that would affect 2 million americans and it would have to increase taxes on the highest income earners. the negotiators will still have to work out where exactly the tax increases would hit and whether they would stop the increase of the estate tax. the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor that would increase taxes for households that earn a quarter million dollars or more, and respect -- expect republicans would block that proposal. but rather than take it back as a stopgap measure, think of it as a political move to try to shift the responsibility of failure on to republi watches the hour of reckoning. >
FOX News
Dec 30, 2012 8:00am PST
get past the fiscal cliff in the next two days? have you that $16 trillion staring us in the face? >> eric, let's look for a silver lining in this fiscal cliff discussion. i think what we are hearing from the american public, loud and clear is that they don't want to pay any more taxes. they don't want to pay for the government they are getting that. leaves two choices. number 1, we continue to borrow money or reduce spending. we won't have the option to borrow forever. so we have to reduce spending. if the american people will get as fired up about reducing spending, we might have a chance to fix that. clearly, that message hasn't gotten through to the white house and to the senate. it is heard loud and clear in the house, but we control just the house. >> eric: how do you get that message across and the american people say, instead of dealing with the tacks going up -- trying to deal with the other side of this issue? >> we continue to have the debate. that's what this is about. that's why we are on television and why we do what we do in the house, to try to draw attention to th
FOX Business
Dec 30, 2012 4:00am EST
over the fiscal cliff and i agree that it just kicks the can a little bit further. part of the problem is we have no leadership here. gerri: let's get rich edson back into this. my next question is, what happens next? do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: enate leaders will meet tonight. carrie reeder says he is suspenng regular business on the senate floor tomorrow so leadership can work on us. they are worng on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decion ashether they got enough votes for they have come up with something that can actually pass the house and the senate. if that's the deal and they do reach some kind of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you conder that the house has a rule that any bill must be posted online, it must be public for three days. the senate has a number of procedural hurdles. the senate is strange. you can get
MSNBC
Dec 30, 2012 1:00pm PST
over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was t
CSPAN
Dec 30, 2012 7:00am EST
our government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the
ABC
Dec 30, 2012 8:00am PST
we can avoid this fiscal cliff in the next 24 hours. >> okay, we are just about out of time. i want the bottom line from both of you even if senators reid and mcconnell come to a deal. you're the top republican vote counter. will it pass and will it fly in the house? will this be done in time? >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house to support such a package, and i think a lot of that depends upon whether president obama is willing to compromise this sort of fixation with raising taxes above anybody making more than $200,000 a year. >> reed and mcconnell are both very good leaders and vote counters. if they come to an agreement, they know that they will be able to carry a majority of each of their troops. the real question mark is the house. the house is a bit out of control. they're the reason we've had the problems all along but my guess, if the hou
FOX News
Dec 30, 2012 11:00am PST
to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he will get tax rate increases. maybe not at 250 but on upper income americans and the sad news for the country s that we accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation. it will be a political victory for the president and i hope we will have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in asp republicans. but hats off to the president, he won. >> chris: you don't think some of the more conservative colleagues will filibuster or set up a procedural road block? they will vote to avoid going over the cliff? >> no, but if mcconnell can't get 60% of us to vote for this deal it will be hard for boehner to get it through the house. i will want
MSNBC
Dec 30, 2012 9:00am PST
avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,000 and 500,000. if they brought the $250,000 with
MSNBC
Dec 30, 2012 3:00pm PST
30 hours to go before the country goes over the fiscal cliff, we'll talk to senator bernie sanders of vermont. where he thinks we're going next. >>> and coming up, david gregory's interview with president obama on "meet the press." our special coverage will continue after this. ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp, an organization serving the needs of americans 50 and over for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >>> with the clock winding
NBC
Dec 30, 2012 10:00am EST
, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughou
FOX News
Dec 30, 2012 3:00pm PST
it was okay. a lot of times in these situations, things can be fixed retro actively. the fiscal cliff is thought to be connected with real economic disaster if it goes on, raising unemployment past 9% and sending the economy into a tailspin. if they get things done by the middle of next week it won't have a major impact but they need to show the american public they can get this agreed upon. >> in good faith. >> or they'll rattle the markets. tomorrow's the day to keep your eye on the senate. they have to pass something. senator reid will feel a sense of responsibility to get something done. >> we'll bring you back this hour. i appreciate it. you gave us a nugget that some of this could be retro actively picks -- fixed. >> all this talk about what will happen in the nation goes over the cliff. we'll talk about how it could affect your paycheck in particular. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus
NBC
Dec 30, 2012 2:30am EST
are just waiting to see what happens with the fiscal cliff, but by the same token, though, does that necessarily mean that suddenly we have more capital expenditures for the economy next year? >> i think there's few reasons why we will. one, global growth. china appears to be stabilizing and the rest of the emerging markets are glowing. more demand for export business. number two, korpgs are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and planted equipment in america today, the inventory is old and due foreinvestment a upgrades. there's a lot of pent up demand for domestic spending. >> there have beent of the value of their house and if they start seeing prices stabilize and economy? >> the offset is that people look at the value of their houses and start feeling better. one-third of household wealth is the value of their house and if they start seeing prices stabilize and appreciating, that could offset some pullback in overall consumer spending. >> where will we make money then, do you think? >> my sense is emerging eeing p stabilize and appreciat
FOX
Dec 30, 2012 9:00am EST
graham, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff. >> if mcconnell can't get 60% of us to vote for the deal it will be hard for boehner to get through the house and i will want to v
CNN
Dec 30, 2012 7:00am PST
coverage of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of history for better and some for worse. july 1776, the founding fathers decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolf hitler's decision to invade the soviet union. august 1945, president truman's decision to use an atomic bomb against japan. tonight, we'll examine the process of making a tough decision. we'll hear about major decisions on an international stage, about corporate decisions and personal ones. from taking down the most wanted man in the world -- >> the president turned to us and said, i made my decision. we'll go with the raid. write up the orde
MSNBC
Dec 30, 2012 12:00pm PST
cliff negotiations and possibly votes. up next, "meet the press," david gregory's exclusive interview with president obama. we'll keep you updated throughout the hour on any elements when it comes to the deal-making on capitol hill. ve a cold, announcer ] alka-selr plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook.
FOX
Dec 29, 2012 10:00pm EST
looming fiscal cliff and looking ahead to lawmakers returning to capitol hill tomorrow. that is next on the edge.  . >>> what are you doing new year's eve? about a million people will be packed to ring in 2013. he's more on how they're getting ready. >> reporter: already decorated for the holidays, pressed for the world's biggest new year's party are underway in the big apple earlier today, time square alliance officials tested the confetti that will fall after midnight, throwing it out a window on to unsuspecting people on the streets and they will watch the ball drop monday night. the 2013 sign is situated on top of one-time square. it's seven feet tall. after four decades of dick clark helping america ring in the new year, 2013 will be the first celebration following his death. a special with his name and grades on it will be in the ball this year. we spoke with his fe
FOX News
Dec 30, 2012 9:00am PST
answers to that. i think this budget issue -- whatever's going to happen with the fiscal cliff, you know in the next three or four years, we will have five or six more showdowns. so that will beleaguer the president. he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how peo
CSPAN
Dec 29, 2012 7:00pm EST
latest on the so- called fiscal cliff. with local columnist -- with roll call columnist. followed by a look at president obama's cabinet for a second term. our guest is david jackson. then a look at what is next. we are joined by michael gordon. washington journal, live at 7:00 eastern on c-span. >> tomorrow on newsmaker, indiana rep elect luke messer. he will talk about the 130 congress and his priorities at the incoming republican freshmen class president. join us sunday at 10:00 eastern and then later at 6:00 eastern here on c-span. >> as president obama begins his second term, what is the most important issue he should consider for 2013? >> if you are in crates 6-12, make a short video about your message to the president. >> with your chance to win a grand prize of $5,000. $50,000 in total prizes. the deadline is january. for more information, go to studentcam.org. >> tonight,, and politics. polis by james
CNN
Dec 30, 2012 1:00pm PST
, thank you for being with us. >> thank you for having me. >>> up next, more on the fiscal cliff, lawmakers have hit a major snag in the negotiations and we are just two days before the deadline. [ female announcer ] want younger looking eyes that say wow with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look of lashes. see wow!... eyes in just one week with olay. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manag
NBC
Dec 30, 2012 8:00am EST
fiscal cliff firestorm rages hill as house lawmakers meet today. >> a burglar breaks into a woman's house. she fears his return. >> strong winds and lake-effect snow showers out there. we'll tell you what's
CNN
Dec 30, 2012 12:00pm PST
. visit vwdealer.com today. . if lawmakers fail to avert the fiscal cliff or come up with some sort of compromise, the u.s. economy is likely to contract by who knows how much next year. unemployment could rise to 9% in 2014. according to standard and poors, the rating agency, they said on friday that is unlikely that the fiscal cliff gridlock could spark an additional grown grade of the country's credit rating in august of 2011, s&p downgraded the u.s. credit rating from aaa to aa plus citing an ineffective and unplea ticketable governance. the consequences for going over the clip could be far more severe than a credit downgrade actually would be. we could easily fall into another recession and we know what that can do to your investment portfolio. jim awod is managing editor of. egan jones independent rating agency that is not paid by the corporate issuers than it rates. shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate pro
FOX News
Dec 30, 2012 7:00am PST
fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defense department in the head and send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration we will destroy the biggest military in the world at the time we need it most. >> impact potentially on the national defense. also on the m
CSPAN
Dec 30, 2012 6:00am EST
fiscal cliff. the senate is in at 1:00 p.m. eastern to considered the chief executive nominations. votes are scheduled at 2:00 p.m. eastern. live coverage of the senate on c-span 2. in the senate, members will have votes as early as 6:00 p.m. watch for live coverage here on c-span. next on "washington journal," we continue the conversation on the fiscal cliff followed by a
CBS
Dec 30, 2012 8:30am PST
the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn now to our senators who are here. senator durbin, you're the number two senator on the democratic side. how far apart are you with the republicans to reach a deal? >> well, i think there still is a chasm there. there's work to be done and not much time
NBC
Dec 30, 2012 9:00am EST
a deal on the fiscal cliff. plus, the other pressing top guns, benghazi, and what he hopes to finish in his second term. >>> in the week ahead, maryland same-sex couples can legally get married beginning on tuesday. maryland lawmakers approved the law. >>> driving the dulles toll road in virginia becomes more expensive starting tuesday, january 1st. the tolls go up to $1.25, and on and off-ramps will increase from 25 cents to $1. that means an extra $1 a tkaday >>> and then metro stopped selling the paper version of the fast pass in august, and starting on january 1st, only the electronic version of the fast pass will work. >>> let's take a live look now at fedex field. that is where the showdown is going to happen. it's a big day for the redskins. they are taking on the dallas cowboys for the east title, and winner gets a guaranteed spot in the playoffs. kickoff is at 8:20. after the game you can stick around for news4 at 11:00, and that is followed by "redskins final." >> the stadium, it looks so calm and quiet. it will be a whole different scene in a matter of hours. that p
CNN
Dec 30, 2012 9:00am PST
, unfortunately, we're going to move -- you know, we created this fiscal cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt ceiling for a dollar in reductions. i actually laid out a bill to do that this week with lamar alexander. but i think what's been missing here, candy, is it appears to me that the president either lacks the courage or the will to lay out those specific things that need to happen because i assure you, if he would lay those out, the house would take it up, the senate would take it up, and we could move this behind us and we can start this next year with the wind at our back in this fiscal issue behind us like most of us would like to do. >> you know and i know that's
ABC
Dec 30, 2012 5:00am PST
, google play and amazon's app store. >>> the fast-approaches fiscal cliff is no laughing matter but sometimes you have to have a sense of humor about things. some portland, oregon people have taken their disappointment to the street. the street sign reads fiscal ahead. >> coming up next at six we continue to follow breaking news in san jose where three people, including a young child, have died in an apartment fire. we will have a live report with the latest from the scene. and the search for a man accused of killing a dog in a brutal robbery. >> good morning, i'm caroline tyler. we begin with breaking news. san jose fire officials are beginning what one says will be a long investigation into a fatal fire that began late last night. three people, including a baby, died when flames swept through their apartment building. abc7 news reporter kira klapper joins us live from the
CSPAN
Dec 30, 2012 2:00pm EST
note that you can go to the c-span fiscal cliff website to get the latest information. you should be checking back over the next 48 hours as things develop. guest: 8 the deadline this afternoon. the senate has set a self- imposed deadline for 3:00. host: is that senator reid's plan b? guest: it is clearly fall back. we will try to come up with negotiations. if not, we will bring a bill to the floor, he will tell the republicans. it will increase taxes on everyone earning over $250,000. it will fix the alternative minimum tax and extend unemployment. it would be those three elements. he would be saying to the republicans, negotiate with me. we can do to something better. otherwise, we will take a vote on this. i would expect this to be filibustered. that may play into what the white house wants, that would mean republicans having to take responsibility. john boehner did promise to bring up whatever the senate passed. he said we might amend it. an amendment process would almost certainly mean going over the cliff. host: sue is next on the independent line. caller: i think members of congress and the senate need to r
MSNBC
Dec 30, 2012 4:00am PST
to approve his plan b and mostly on the sidelines, a mutual observer watching the fiscal cliff negotiations with the rest of us. this is "hardball." [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. ahh, cloudy glasses. you didn't have to come over! easy. hi. cascade kitchen counselor. look! over time, cascade complete pacs fight film buildup two times better than finish quantum to help leave glasses sparkling. cascade. the clear choice. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ >>> welcome back to "hardball." the president has made clear he wants a deal. joining me now from the hill is nb
CBS
Dec 29, 2012 11:00pm PST
to avoid the fiscal cliff. good evening. i'm ann notarangelo. a san francisco woman traumatized after being robbed on the street. she was not injured. and the thief only got a few dollars. but patrick shows us what he took from her was much more valuable than money. >> i heard him say, then i'm going to kill your dog. >> pekingese, 12 years old. sweetest thing ever. >> reporter: she asked not to be named. this woman was robbed yesterday, not only of money, but her best friend roxy, who she loved most on this earth. >> she was my best friend. >> reporter: she had lost her phone in her car, so she parked to look for it at leavenworth and golden gate when a man approached her. >> he said, give me all your money. >> reporter: he then went through her pockets and found only $5. and roxy started barking. >> he said, i'm going to kill your dog. and he grabbed roxy. all of a sudden i see her fly towards traffic. he threw her towards oncoming traffic. >> reporter: roxy was rushed to er but it was too late. >> she was pretty bad. so i had to put her down. >> reporter: michael saw the whole thin
FOX News
Dec 29, 2012 4:00pm PST
president obama rolled out his new plan for steering us away from the fiscal cliff there was a word he did not say. that word was sequester. it would cut $100 billion from the budget next year, half from domestic programs and half from defense programs. and now as the deadline draws close, experts are look at these cuts from a national security standpoint and warning one final time about their impact on the safety of our service members. >> it is going to affect the operational force that is deployed in terms of its you ability to maintain its equipment and get repair parts. that force is deployed around the world. it is not just the force in afghanistan that is being reduced. it would impact on the training of the force. and its preparedness to conduct other operations. >> white house officials say it is unclear what will happen with the sequester. on friday republican senator john mccain said he doesn't see how a deal gets done without addressing these across the board cuts which could cost a lot of contractors their jobs. >> now, the large defense contractors will probably be okay. they have significant cash reserves most of them. the smaller contractors would have troub
ABC
Dec 30, 2012 2:00am PST
fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. se
CNN
Dec 29, 2012 7:00pm PST
clubs. one person knew what the fiscal cliff was. >> thank you. happy new year. >> happy new year, don. >> this week's moment next. why should saturday night have all the fun? get two times the points on dining in restaurants, with chase sapphire preferred. good afternoon. chase sapphire. (push button tone) this is stacy from springfield. oh whoa. hello? yes. i didn't realize i'd be talking to an actual person. you don't need to press "0," i'm here. reach a person, not a prompt whenever you call chase sapphire. and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. that deliver what you want in real time. we've decided to we're all ha
ABC
Dec 29, 2012 11:00pm PST
come, falling off the fiscal cliff. it's down to the wire. but will congress bow to president obama's pressure. >> and the i-team reveal while the state unemployment department won't answer your phone call when you knead the most help. >> the fight against the growing crime in oakland. what community leaders say >> ama: our breaking news from the south bay. san jose firefighters are battling a two-alarm fire in an important building -- an apartment building. firefighters say a second floor apartment is fully engulfed in flames. there's a report of one injury to a person suffering smoke inhalation. >> a family is grieving the loss of a father and son. the father tried to save his nine-year-old son who was overtaken by a wave. both victims were pronounced dead after rescuers recovered them off the shore. >>> san francisco police are looking for the man who robbed a woman, then killed her dog, last night. the 12-year-old pekingese was thrown on the street in front of traffic. a witness to the crime is offering a $1,000 reward to capture the taker. >> three horses were killed on h
CBS
Dec 30, 2012 6:00am PST
cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't drive or use machine
CNN
Dec 30, 2012 1:00am PST
? >> believe me. i bring it up in the clubs. one person knew what the fiscal cliff was. >> thank you. happy new year. >> happy new year, don. >> this week's moment next.
CSPAN
Dec 30, 2012 10:30am EST
-span fiscal cliff website to get all the latest information, www.cspan.org/fiscalcliff. you should be checking back over the next 48 hours. guest: a deadline this afternoon. senator reid has said he will bring a bill to the floor that is what the president has asked for. i would not call it a plan b but it is clearly a fallback. bring ae're going to bill to the floor. it is an increase of taxes. eliminate single the amt or 2012 and extending unemployment. it would be those three elements. he would be st. negotiate with me and we can get something better. i would expect this to be filibustered. it plays right into what the white house might want. host: what incentive is there for john boehner to bring the bill up in the house of? guest: that is a good question. he said we might amend it. with these few hours before the start of the cliffs, paying a bill back and forth would most certainly mean we're going off. caller: i have a couple of comments. i think members of congress and the senate need to know that we are at their employers. then to negotiate until a deal is done. i think they should stay there until they cu
CBS
Dec 30, 2012 10:30am EST
today on "face the nation." with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the latest on what that agreement might look like but will it actually do anything to cut the deficit? and what happens nay don't get a deal? we'll hear from two senators who have been working together on deficit reduction, assistant majority leader dick durbin of illinois, and senator tom coburn of oklahoma. then we'll look forward to 2013 with an all-star panel include peggy noonan of the "wall street journal." dee dee myers of "vanity fair." "time" magazine's executive editor michae michael duffy, and also "time" columnist joe klein. and we'll hear from major garrett and nancy cordes. >> you going to get a deal today, sir? >> hope so. >> o'donnell: it's all ahead because this is "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. substituting for bob schieffer, cohost of "cbs this morning," norah o'donnell. >> o'donnell: good morning, again. tom coburn and dick durbin are here, and we'll turn to both of you in just a moment. but we want to start with some new information from chief white house correspondent major garrett and congressional correspondent nancy cordes who are here. i know you have both been speaking with your sources this morning, and, nancy, what's the latest? >> reporter: nora, democrats will at this point are very pessimistic that leader reed and leader mcconnell will be able to strike that deal that they were so hopeful about 24 hours ago. the two staffs worked late into the night. they trade proposals will back and forth but democrats tell us they are just still too far apart on taxes. democrats was soset the limit at $250, 000, let the tush of bush tax cuts expire for people making more than that. republicansment that limit to be higher, and they're also far apart on estate taxes. they will meet with their caucuses later today and at that point we expect they're going to tell their members they just weren't able to make out a deal on this. >> o'donnell: major, you have been talking to the white house. >> reporter: the fiscal cliff preoccupation hab about taxes but there's another part, across-the-board cuts, and they are preparing to send out furlough noticees, and apply want quester. >> o'donnell: the white house is preparing to do that? >> reporter: it that's. because the deadline is approaching. it cannot reasonably ignore the law, and misapplying. so it is now preparing to send out a variety of notices to federal contractors, the contract is suspended or canceled. or to tell various agency the-- the t.s.a., f.a.a., all through the federal government, lay people off, this is real, because they seaport negotiations are not getting anywhere near a deal and they have to prepare for the cutting side of the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn now to our senators who are here. senator durbin, you're the number two senator on the democratic side. how far apart are you with the republicans to reach a deal? >> well, i think there still is a chasm there. there's work to be done and not much time left. it's interesting that it does come down to two very basic issues-- one is what percentage of the wealthiest people in america will pay a higher tax eat. and secondly, how many of the richest americans who pass away should be spared paying extra for estate taxes. from the republican side, those remain their highest priorities -- protecting object highest income individuals from tax increases and protect up to 6,000 estates a year from pagan additional $1 million. that's what this is about. we see it differently. what's at stake as far as we're concerned are 98% of the american families, working families and middle-income families with shouldn't see their taxes go up on january 1. that's our highest priority. als the president added, the two million who would lose unemployment benefits immediately if we don't act to change that between now and the deadline. >> o'donnell: so you say there's a chasm. you don't think there will be a deal today? >> i won't go that far. i have been around washington long enough to know it takes a deadline, it takes a lot of get a lot of worry when people reach a point and say, "reporter, let's find a way through this." it has happened before and it could happen again. >> o'donnell: are the democratic defensemans willing to raise the threshold from 250,000 to 400,000. >> each time you raise it we add more to the deficit of what we're going to face down the road. time you decide you're going to protect the higher income americans from paying more taxes it imposes more of a burden to cut spending, reduce expenditures in medicare and other areas. becomes very problematic for a lot of working family. >> o'donnell: senator coburn, what are you hearing from your republican leader? he of has he come up with a deal? >> we haven't heard anything, just minimal in terms of what's going back and forth. i think they're far apart. i don't think anybody knows what's going to happen. the odds are that we've not seen the leadership on either side of aisle to solve this problem, and why would we think we're going to see the leadership in the next 24 hours to solve the problem? but i would take issue with dick-- the characterization is we're the-- no matter where we raise taxes, what's going to happen to the money? we're going to grow the government with it. we're not going to reduce the deficit because we refuse to solve the bigger problems like saving medicare, insuring social security disability. we're not going to use that money to do anything except continue to grow the government. so the characterization is that we're-- what we're wanting to do is to make sure we have a dynamic economy, and i have no problems -- i've been out there for a long time with saying those that are making more ought to contribute more. but where does the money and g? and what do do you with the money? do you do something with the money that will actually get us further down the road and fix our ultimate long-term problem, which is we're bankrupt. and we went off the cliff two years ago when we covered 90% of our debt to g.d.p. and by the way, if you look at it the way of other country, our debt to g.d.p. is 120%, not 90%, not 100%, it's 120%. one last fact it's average greek citizen debt for their country is 36,000. we're at 51,000 per person in this country. we're becoming greece, and we have a government that we're willing to pay the taxes for 65% of the cost of it. we need to change that. we need both, both-- we need to do both. >> o'donnell: i'm flawed brought thaglad you brought that up. we're not even there. we're just dealing with this little short-term patch that you can't even get an agreement on. what does that say about what's happened here in washington and a real lack of confidence among the american people that it the body you guys serve in is just broken? >> well, it is, and it needs to change. this conservative republican, this progressive carriage we both voted for it. we worked on this for three years. there is room for compromise and agreement. here's what we ran into the problem with. 40% of deficit reduction in the sim son-bowles came from additional revenue, 40%. when we said to speaker boehner you have to come up with revenue, he said i'll come up with a plan that protects those making less than $1 million. he couldn't silent republican caucus. the only way we deal with this cries and the deficit is on a bipartisan basis. this can't be done exclusively democratic senate, exclusively republican in the house. it will never work. >> o'donnell: both of you are also part of the gang of eight air, group of senator senators that many people look at and say these are the grown-ups in the youth senate in terms of looking real ways to reduce deficit. but with all due respect, why haven't you ever put pen to paper and put anything forward and rally people around your proposal? >> we put to paper many times and we have ideas that we think could be parent of the ultimate answer here in terms of deficit reduction. none of it is easy. i don't want to mislead you. it's not easy. we float some of the concepts and some of the ideas and they've had some tractions. want premise is, if we're going to follow simpson-bowles as a starting point we need revenue as a starting point. that has been a breakdown issue with bane and the house of representatives. until we get beyond that, perhaps beyond the cliff, we can't are an honest discussion. >> o'donnell: senator coburn, on the issue of increased revenue, downing boehner is part problem? senator reid said he's running a dictatorship? >> i don't think so at all. the frustration in the house-- and i'm not known as a no non-conservative-- they passed a lot of things there has not been action on in the senate, and that's the majority leader's prerogative. but if you take it and bend it to the will of the senate and send it back, that's how you get compromise. to not move dismingz not ever establish the process-- i think speaker boehner has done a good job in the members he has. i think they maid mistake in not supporting plan b. we would have modified it and sent it back and then they would have had it make a decision on it. the basic fact is the government is twice the size it was 11 years ago. and nobody in washington is doing anything to fix the growth of government to where we have one that we can afford. un, we're going to have to grow at 8%, 9%, if we think we can outgrow it. that isn't going to happen. we have to do the things we have to modernize medicare. we have to achieve real save that is won't change health care but will actually save some money. >> o'donnell: do you think there's an advantage to going over the fiscal cliff? >> i think there are a couple of advantages. therthere are a lot of disadvantages. one of the advantages is the american people will see what the real cost of their government is the actual real cost for the very wealthy, the very, very low will have minimal impact on. it's about $200 a year. for the very, very wealthy-- that's one of my criticisms of the tax cut. one of the things we did in the simpson-bowles was a reform of the tax cuts. what people don't realize is the well-connected, well-heeled in this country take most of the advantages of the all the deductions and all the giveaways in the tax code. to reform, that would redirect capital which would generate growth which would generate more revenue. unless you reform the tax code in a way that will create capital formation, you're not going to do anything. raising taxes doesn't do that. >> o'donnell: why should there be any confidence you'll ever get this done? the idea you'll have a small fix, if you even get that here? you'll continue to have the budget battles in 2013. this won't deal with equivalent spending issues. it won't deal with entitlement reform, tax reform, all the hard issues ---- it won't even deal with the debt ceiling. you'll have to fight this again in 2013. >> the president is to this. he proposed a plan to speaker boehner for real deficit reduction and unfortunately that negotiation fell apart. tom and i believe, honest to goodness, if we come to grips with this deficit issue, come up with a responsible, bipartisan answer to it, it will not only put our fiscal house closer to being in order, it will spring this economy forward. take a look around the world. where would you invest in the world? what is the best world currency? even with all our problems it's stimulate u.s. dollar. think of what it would be if there were confidence we were dealing with our debt, that we came to grips with it on a bipartisan basis. that will trigger the kind of growth, business creation, job creation that i think will help us ultimately resolve our deficit issues and the wealth problems we have in this country. >> o'donnell: i want to show both of you and remind our viewers a pie chart which terribly shows our federal budget and where we spend our money because i think it's important to know where the money goes, taxpayer money. and you look at it, and just about half goes to entitlements. and then you see education in green is just a small chunk of what we spend money on. and the defense is a large chunk as well. i have to ask you, senator durbin, because you have said, even in a grand bargain, that we shouldn't be tackling entitlements. how you can be serious about deficit reduction if you're not willing to take on medicare? >> norah, i tackled them with simpson-bowles. we need to taxle them again. what i said in the last few hours of the fiscal cliff don't make program policy changes in medicare that you're going to live with decades reflect on this. yesterday 10,000 americans reached the age of 65, today another 10,000, tomorrow another 10,000, and every day for the next 18 years. these people have pied in to fair lifetime into an insurance program called social security and medicare and they are expecting the benefits they paid for. we have to resolve, as tom said, how are we going to come to grips with the growing health care costs in medicare and medicaid and still keep our promise to these people? so, yes, we need entitlement reform. let's do it in a calm, thoughtful way using something like simpson-bowles to come up with 75-year solvency. >> o'donnell: another thing, the pew economic policy group did a study this week how much it will cost to make all these tax cuts permanent again. if you did all of them, it would be $3.1 trillion over the next 10 years. it was just the tax cuts for those making under $250,000. we're looking at additional $2.3 trillion. i mean, democrats are willing to go along with those for under $250,000, and that's a big expense, or cost, or loss of revenue, however you want to look at it. how you can vote for those and not have spending cuts? >> you can't. >> o'donnell: so on monday if it gets down to plan d., what nancy called plan d., where you just have to vote to extend the tax cutes, would you vote for that? >> it depends what the deal is and what's in it. a couple of point. s. one is, we have a government that we refuse to pay for. that's number one. number two, the average couple in medicare pays in $110,000 during their lifetime of taxes and takes out $350,000. today, the people on social security in real dollars will take $21 trillion more out of social security than they paid in, $21 trillion more than they paid in. the question is it-- it goes back to what thomas jefferson said-- never design program, never create a government program with which you have not played of laid a tax to pay for it. >> o'donnell: or a war? >> or a war. i have not vote forward one defense supplemental bill since i've been in the senate because it wasn't paid for. we didn't make hard choices. we delayed hard choices. that's what the congress is doing now. going back to your earlier point. the reason people are upset with congress and senate the senate is because we make decisions based on what is in the best interest of our politics not in the best interest of the country. and so there's this lack of trust that we will do what's in the best interest of our country, even if it hurts us politically. and that's called leadership. and we don't see much of that. and that's not a partisan statement. that's both sides. when we look at a parochial interest more important than the interest of the nation, which is exactly the opposite of why the senate was createed in the first place, why we had a bicamera legislature. you see why we have such low esteem in voters. >> o'donnell: you both served with nebraska senator chuck hagel who has been it named for it defense. >> you cannot vote for him because of the statements he's made. >> i think he has proven his patriotism, and public service. two purple hearts in vietnam. this man deserves more than just a hearing. he deserves the respect for the service he's given our country in the and the senate and to disqualify film hear statements made-- i think he at least deserves a hearing and an opportunity. >> that's not the only reason to disqualify him. he does not have the experience to manage a very large organization like the pentagon. and we've actually had-- i think leon pa98 has done a wonderful job. i supported his nomination. he did have a lot of experience prior to coming here. and if there's a place we need great management, it's the pentagon, and a great manager. >> o'donnell: senators coburn and durbin, good luck today. >> thank you. >> o'donnell: a busy day this sunday. >> we actually had breakfast together. >> o'donnell: i think the american people wish you luck, too, with your gang of eight. we'll be right back. for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >> o'donnell: and we're back with more from chief white house counter major garrett, and congressional correspondent nancy cordes. you just heard the two senators there. nancy, did that make you more or less optimistic about a deal today? >> reporter: it seems like they are both sort of accepting at this point are even though they don't want to preempt the pressure they don't want to say right now it looks like it's not working out, but they both seemed pretty resigned to the fact that the most likely scenario is democrats are going to bring up their own package as early as tonight, more likely tomorrow, and then we're just going to have to see what happens. i think there was a good-faith effort on the part of the leaders to try to get this done. it wasn't all for show. but they did need to prove that they were trying to do something. and at the end of the day, it's just too difficult for republicans, most republicans to have their fingerprint on a plan that eliminates tax cuts for some people. this is just an easier way for them. >> o'donnell: what happened, major? the president did signal he was willing to go up to 400,000, possibly, as a threshold on friday then in the briefing room, he said 250,000 again, and he suggested this plan d., as nancy has outlined, on monday, where there would be an up-or-down vote. some something you think ends up happening? what will white house say about that? >> for the white house the idea of going up to $400,000 and doing something else on federal benefits, reducing the annual cost of living adjustments to what is called the consumer price index, the president made those concessiones, two large post-reelection concessions the president made but they were the part of a much bigger deal. as the deal shrinks, the president sees it as largely a political exercise. hthe administration, all of source vitaly me, 400,000 was part of the larger deal. you get away from the desert shield, to the smaller patch arrangement where we don't talk about the debt ceiling, they're not interested in make those kinds of concessions. they would be willing to make them if there was a larger deal with greater scope and longer term implications for the federal deficit. without that, they're going to play the hard politics game and say to republicans we dare you to go over the cliff and have an inherent, most of the political responsibility for doing so. >> o'donnell: that's interesting. i've always struggled with what is the political upside for the president to strike a short-term deal? >> well, a short-term deal only benefits the president if the understanding of the fiscal cliff is real and the consequences of it are thoroughly understood. i don't think there's a lot of evidence in the country yet that that's true. you have a couple saying it might not be such a bad idea to go over the cliff. it might concentrate the mind further. the president reluctantly send this idea, the budget control act, all the deadlinees deadlinees, as part of a long, tortuous negotiation. he now regards the negotiating process as largely a mistake and will never negotiate again on the debt ceiling. >> but the benefit for everyone, democrats and republicans of voting on something before the deadline, is that the stock market has now gone down five days in a row. we are now below 13,000. nobody knows what is going to happen on january 2 if there's no deal. the markets might not react very much. they might take a huge hit, and no one wants to be responsible for that. >> the market cares most about the debt ceiling and defaulting. if you talk to all of the big business leaderes, the various organizations that have come to the white house and also gone to capitol hill, their largest concentration is can we resolve our long-term deficit situation and develop the some sort of peace agreement and cease-fire on defaulting on the good faith and credit of the federal government. that's not even on the table right now. i think the market reaction is going to be negative even if there is a small deal. >> o'donnell: look what will happen if a deal is not made. the bush tuctz will expire and most taxpayers will see a rate increase. if you're a couple making over $50,000, that could mean $2200 more. capital games taxes, dividend taxes, estate taxes will all go up. everyone will see a 2% cut in your paycheck, since the payroll tax cut will expire. for every american that's about a $940 decrease in your annual takehome pay. we're talking about the child tax credit, the marital it penalty fixes, and on january 2, the stock market as you talked about, reopens, and the federal government reopens which means the sequestration kicks in. $110 billion in spending cuts a year for the next 10 years. that's a 9% cut in defense and 8% cut in domestic spending. and then we're not finished because january 7, that week, 2.1 million people will stop receiving their unemployment checks. all in all, economists say this could mean 3.4 million jobs lost and unemployment could reach 19.1% by the end of the 2013, and the u.s. will enter another recession, and yet congress can't get anything done >> there is a little bit of a cushion there. the i.r.s. didn't expect that we would get to this point. they thought congress would work something out, so it's not as if people's paychecks are going to see higher withholdings on january 1. it's going to take a few weeks for that to kick in. so if congress doesn't work out a deal by the deadline but can figure out something shortly thereafter, there is a chance that people won't see an increase. >> o'donnell: major garrett and nancy cordes, thank you so much. and we will be right back. 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[ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. >> o'donnell: some of our stations are leaving us now, but for most of you we'll be back with our political roundtable. stay with us. q/z >> o'donnell: welcome back. joining us "time" magazine columnist joe klein and former reagan speechwriter, peggy noonan. plus forme clinton press secretary dee dee myers, a contributor to "vanity fair," and michael duffy, executive editor of "time" magazine. welcome to you all. you just heard the reporting from our two correspondents and the two senators and, joe, it sounds like-- surprise, surprise-- they haven't reached a deal yet and the idea of going over the cliff is a real one. >> yeah, but they will reach a deal. it may not be in the next 48 hours. it will be in the next couple of weeks, and we should always remember, with all of this crisis talk going on, that what's about to happen say return to the clinton tax rates of the 90s, which when they were imposed in 19 network everybody predicted a big recession, and what we had was a big economic boom. so there are really negative aspects to going over the cliff, especially for the very poor, and there's going to be a lot more chaos in the pentagon and throughout the government because contracts, but, still, it ain't that huge, i don't think. and i think they'll get the deal done. >> o'donnell: peggy, what about that? who is sort of to blame for this? i mean, should our republican-- are republicans to blame? the president said this morning that they just can't say yes to him, that he has gone way above what he can negotiate. the democrats have been mad at him for some of the things he's been willing to negotiate on but republicans just can't say yes. >> well, i think, probably the big cliche of this moment in history is there's a lot of blame to go around. i think it covers a heck of a lot of people-- actually, a united states senator it, a republican, said to me exactly those words the other day. i see there are two real problems. one was the unof unfortunate, sad, unsuccess of john boehner's plan b, in the house why he could not herd the cats. but other part i think is you get only one president at a time. the president is presiding here. somehow with this president, it's always cliffs. it's never deals. it's always up to the last moment. i think there is a deficit there of very broad-minded leadership, and there is certainly a deficit of trust between the congress and the president, and 20 republican in congress and the democrats. so plenty of fault to go around. >> o'donnell: dee dee, what about that? mitch mcconnell, who is really now at the heart of make something sort of deal today about how far he can take republicans, he says the president called him last week. it was the first time he's talked to the president since november 16. why is-- is there something the president is responsible for that he's not reached out enough to republicans and established that kind of trust that there has been lacking? >> look, i would have liked to have seen the president do more reaching out during the entirety of his first term. keep in mind, the president has been negotiating with john boehner, and that was the agreed upon format. he's been in conserves with him, and when push comes to shove, boehner cannot get these deals done in his caucus. the big change is not in the white house. it's in the culture of congress. it has become increasingly partisan. increasingly polarized districts in the aftermath of redistricting. we have seen that over the decades but particularly the last decade. you have seen a real hardening on both sides. and they're not willing to meet the president on any of this. we just saw speaker boehner's plan bfail because the republican house refused to raise taxes on anyone, and you heard both senators durbin and coburn saying they're both-- they both believe that revenue has to be part of the deal. and yet that cannot get to the house. >> o'donnell: on that note, you talked about why is washington so partisan? people ask that question. nate civilerly of the "new york times" did a study just out this week showing the makeup o of the house of representativeses in 1992, 103 members electe electeelected from swing districts, but it now there are only 35 such seats, and we have to make it through another eight years essentially of this partisanship. is that the problem? >> look at ohio, just for a minute. they had a race for congress there, like in every other state this fall, they voted about 52-47 republican-democrat for congress women and men. so you would think maybe a if i felt-50sto-up of congress, maybe 60-40. it's 12-3, republican-democrat, because of the way both sides-- >> o'donnell: gerrymandered district. >> and john boehner controls the ohio legislature. so they all kind of reap what they've sowed here. these are almost impossible-to-defeat congressmen in their districts. so some of that is gerrymandering. but i think another thing to remember here we've just been through this sort of six-week, eight-week drill on this fiscal cliff, and most of the conversation has been about taxes and the white house has done an excellent job, by dealing with the house, and all the messaging today and the weekend about how this is about republican intransigence on taxes. we have seen that. there is as much gap 20 president and his party in congress on spending cuts as there is between john boehner and his caucus on taxes. there is great distance in how far that party has to go to come together to do the kind of entitlement cuts that we still need to see at some time, whether this month or this year or next year. there's a long way to go. they have never been as close as people think on this topic. >> o'donnell: that's interesting, you're saying in terms of messaging the white house has done a good job in keeping this-- >> brilliant. right on taxes. on spending, every time the white house suggested a little bit of spending cuts, social security, med character immediately the democratic caucus said no. >> o'donnell: isn't that the thing about the boehner deal the president said this morning, he was willing to go father on spending cuts that made democrats mald at him and he couldn't get boehner to accept that. >> that's right. he was willing to raise the age of eligibility for medicare-- >> o'donnell: which dick durbin opposes. >> he was willing to change the way consumer price index is calculated for social security. both of those would have been nice steps. there's far more reform that has to be done to our health care system long term, and our health care system now includes obamacare, and there are ways to mesh obamacare and medicare but we're not even beginning to talk about those ways. if you talk to tom coburn in the cordo, he'll say, "there are things we can do, but we can't do that given the state of paralysis." >> o'donnell: so would it help break the paralysis-- we're already at the point you think it would have pushed them-- 17 months now we've been looking at this scenario and they haven't gotten anything done-- granted we were in an election. would it help push the grand other and everybody seems ton the outlines of what they are if we went over the fiscal cliff? >> i think so. >> yeah. >> i don't mind it. >> i mind it. >> you mean in the air of crisis this might force action? is that what you're saying? >> also, i think the clinton tax rates of the 1990s were an appropriate level of taxation for this country. >> one of the reasons that was successful-- >> spending levels. you know what i mean. to coburn's point about, look, whatever we do on raising taxes now will make no difference with regard to the horrible debt and deficit. >> i think the democrats are going to have to face the fact fee-for-service medicare is something we can no longer afford and it's also a really lousy way of providing medical care. > care. >> one of the reasons the clinton budget in '93 was successful and led to 22 million jobs over the course of the next seven years because it established rationality and predictability. it raised taxes, and it cut spending, half a trillion dollars, peanuts by today's standards. that was very tough to get passed. we had to ram is through at the end begging senator bob kerr weeverything we had and it got condition. what happened is the markets respond, rest of the world looked at us and said they can manage their affairs. what bothers me about what we're about to do is we can't manage our affairs and the public is understandably frustrated and angry and dispirited by it. >> o'donnell: yet vote everybody back in office for the most part. voted back in the same president and the same republican. >> in an exis ambivalent way i want to talk about stability for my former boss, ronald reagan. he would have tim o'neill, his partisan, fierce opponent of the speaker of the house come in and try to work on the same sort of deals being discussed now, but ronald reagan also had the republican leaders of that same house and that same senate in. he had to mash them all together. he had to make it work. one of the surprising things about president obama in this crisis, i think, is that he walked in as a winner. he just won an election. he had everything going for him, much higher popularity ratings than the congress itself has. the republicans were humiliated. they had no leverage. so you get those republicans in. you get nancy pelosi in. and you shake it up. you give the republicans something so that they can save face pup make them raise taxes. at the end of the day, nobody's happy. but stability occurs. and the thing goes forward. i am continually surprised by president obama that he lets it become these dreadful enervating dramas. >> could i just say that when ronald reagan was president and everything peggy just said is absolutely true-- >> i'm so glad. ( laughter ). >> when ronald reagan was president, grover norquist was in diapers and rush limbaugh was a disk jockey, i think, in st. louis. you have had a hermetically sealed culture grow up on the right in this country that as we saw during the last election, is removed from reality and is extreme in the most egregious way. >> and you don't have to go all the way-- >> it's much further than that. when bill clinton passed that budget deal, he didn't get a single republican vote. and there hasn't been a republican vote for tax increases in 20 years, and if the deal falls apart today-- which i think it probably will-- the reason is there will be no republican votes. even in the senate, much less to the house for a tax increase, which is what they're talking about. >> in the short term there's no political penalty to pay for that, back to your point, i guess, that we re-elected both a democratic president and because-- because of jerry manneddering, so there's no political price to pay so members of congress with vote in the interest of the their constituents and not the best center of the country. >> o'donnell: we're going to take a short break and talk about 2013 and what the new emotio administration will look like. we'll be right back. stay with us. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with special perks on united. get it and you're in. >> o'donnell: we are back with our panel. let's talk about 2013. no movement on the fiscal cliff as of yet. and the president said today one of his top priorities in the the new year will be immigration reform. i want to go around the table quickly. can he get something like that done? >> if the fiscal cliff process that he is involved in does not poison his relationship with the republicans in congress, perhaps. but if things get very bad now with the republicans in congress, maybe not. >> o'donnell: joe? >> i think one of the clearest lessons from the last election was the republicans have to begin to deal with the growing latino community in this country, and that there will be plenty of respects ready to vote for immigration reform. >> o'donnell: and, michael, the president always said today he is going to put his full weight behind some gun measures that would keep guns out of the hands of the mentally ill. can that pass? >> i don't know. one of the most interesting public opinion trends in the last decades is support in america for gun rights and same-sex marriage has increased, about the same rate, about 16 points in about eight years. it's really interesting. >> very libertarian. >> exactly. >> neither democrats or republicans take those tricks there. it's a libertarian streak in the public. that's harder than it was for a few years ago for the president. joe biden is working on a plan and it will take a lot of blocking and tackling and it won't happen in a year. >> i think there is some possibility of keeping the guns out of the hand of mentally ill is some place you can find a compromise. an assault weapons ban is much harder especially as senator feinstein is going to impose a broader definition of what an assault weapon is. it was hard enough to get that through in '94, when the definition is pretty squirrelly. if you tighten that up, it will be nigh on impossible. >> o'donnell: president obama is going to have a big change in his cabinet, most likely, in 2013. if you look at the big four-- justice department, treasury, defense, and state. all of those are likely leaving at some point in the next year. is that, michael, a concern at all for president obama that there could be that many top people, especially in national security roles-- that are moving on and you'll have new there? >> it's usually disrupting to have to find replacements and in this environment try to get them confirmed. i think some folks are not leaving because it's too disrupting. i think eric holder will stay at justice because it's not a fight they want to have right new. it's a little unclear what will happen in some of the others. we thought we would have some of the announcements already. he's, obviously, a desire to take some jobs. meas to walk back. so this is a complicated part of what's going on. >> o'donnell: i want to ask you, joe about the defense department of, because you have always covered the pentagon and we have seen senator hagel sort of hanging out there, full, not even being nominated but out there that he's a preference of the president, and you just heard senator coburn say h he could not vote for him. the democrats will vote him him but the republicans will not support a foal republican. >> i think the hagel nomination signifies a much larger fight. most of the opposition is coming from the israel lobby, not to put too fine a point on it. they are upset about statements he's made in the past which i think are fairly moderate, main stream statements but they don't like it. apac has been out there make phone calls against him. i think if the president gives in on this, it if he nominates hagel and hagel is still a possibility as far as i understand from the white house, if he gives in on this, it's going to empower neoconservatives who have been wrong with everything in foreign policy for the last decade, when it comes to making a deal with iran later in the year, which is a real possibility. they're going to try and block any kind of arrangement that we make in terms of a nuclear deal. >> o'donnell: speak of cabinet changees, we all know hillary clinton is moving on. we've not seen her for three weeks. has anyone heard how she's doing? and what's next for hillary clinton? dee dee? >> you get that question. ( laughter ). >> no, you know, she was very sick with the flu, fell and hilt her head, as we all know, and suffered a concussion, which was pretty serious. and had repercussions for her. she was really out of-- you know, incapacitated-- not incapacitated that's too strike word-- but she was really suffering from the effects of hitting her head so glad to see he's returning to work on monday-- i guess right after the holiday. it was too bad seeing some in the public taking shots at her. that was cheap under the circumstances. what will she do next? whatever she wants is the answer. she wants to continue work wog behalf of women and girls. she said that is the global civil rights issue of the century. and we'll sit around and wait for however long hillary wants us to wait to see if she wants to run for president. it's something she wants to take her time to think about. >> o'donnell: michael? >> everything she said. i think she'll run. >> she's going to run. >> she's running, she's running. >> will she testify on benghazi? where does that all stand? >> i think she will yeah. >> sure she will. there is no scandal with benghazi. there is one of the most trumped up, ridiculous exercises that i have ever seen. >> joe, then perhaps she should have come forward some time ago and talked in public about benghazi. >> they wer
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